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Birla Sun Life Insurance Platinum Advantage Plan
As an informed investor, you appreciate the potential of equity markets to generate wealth over the long term. You also understand that market volatility can impact your investments, and hence you are looking for Investment Options that enable you to diversify your risk to suit your investment needs. You also want options that can lock in your gains and safeguard your investments from potential downsides.
This plan offers you:
How BSLI Classic Endowment Plan works:
Your Investment Options
Based on your above choices you will receive a host of benefits as below:
Choose from our Rider options to increase the financial security of your loved ones
Plan Summary
Disclaimers
 
This plan offers you:
 
  • A 10-year plan with a 5-year Pay Term
  • Option to enhance the financial security for your loved ones
  • Complete control on your investments
.
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How BSLI Classic Endowment Plan works:
 
  • You choose the Basic Premium you want to pay annually for 5 years
  • You choose your Investment Option from Self-managed Option or Guaranteed Option
  • You choose the Enhanced Sum Assured and increase the financial protection of your loved ones
  • You choose from our range of riders and safeguard your family's financial future
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Your Investment Options
 

Self-Managed Option:The Self-Managed Option gives you complete access to invest your premiums in our well established suite of 10 Investment Funds, ranging from 100% debt to 100% equity. You also enjoy full freedom to switch from one Investment Fund to another, as per your changing requirements.

  • Choose from our range of 10 Investment Funds, to suit your risk appetite
  • Allocate your savings the proportion of your choice
  • Change your allocations as per your changing requirements

Guaranteed Option: The Guaranteed Option allows you to invest your first three annual premiums in our Platinum Advantage Fund. This Fund comes with a guarantee of the highest unit price recorded on a daily basis over 7 years. It offers optimal participation in capital market growth, while safeguarding your investments and any gains thereon. We open a new Platinum Advantage Fund from time to time and your policy will participate in the latest Platinum Advantage Fund open for new business when your policy is issued. For more details please refer to our product brochure or speak to your financial advisor.
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Based on your above choices you will receive a host of benefits as below:
 

Maturity Benefit:You will receive the Fund Value at maturity. In addition, you will receive an amount equal to the number of units in Platinum Advantage Fund times the excess, if any,of Guaranteed Unit Price over the then prevailing unit price of this Investment Fund, if you have opted for Guaranteed Option .

Death Benefit: In the unfortunate event of the death of the life insured prior to maturity, we will pay to the nominee the greater of (a) the Fund Value as on date of intimation of death or (b) the Basic Sum Assured reduced for partial withdrawals as follows

Before the life insured attains the age of 60, the Basic Sum Assured payable on death is reduced by partial withdrawals made in the preceding two years

Once the life insured attains the age of 60, the Basic Sum Assured payable on death is reduced by all partial withdrawals made from age 58 onwards

In addition we will also pay the Enhanced Sum Assured, if any.

Death benefit shall never be less than 105% of total premiums paid to date (excluding any applicable rider premium and/or underwriting extras) less any previous partial withdrawals.

Surrender Benefit: In case of emergency fund requirements, you can surrender your policy after the completion of five policy years, and receive the Fund Value at that time.

Top-Up Premium:If you wish to increase your investment in the policy, you have the freedom to invest additional amounts to your premium as Top-up premiums, anytime during the policy term, as long as all due policy premiums have been paid.In case of Guaranteed Option, you are allowed to Top-up your investment after first 3 policy years.

Partial withdrawals:You can make unlimited partial withdrawals to meet any financial emergencies.

Policy Loans: You can meet your financial needs by availing of a loan on your policy

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Choose from our Rider options to increase the financial security of your loved ones
 

Critical Illness Rider:On diagnosis any of the four illnesses - Heart Attack, Cancer, Major Organ Transplant and Stroke, you will receive upto 100% of the Rider Sum Assured.

Accidental Death and Disability Rider:In the event of death due to an accident, your nominee will receive the chosen Rider Sum Assured up to a maximum of Rs. 50,00,000. In the event of disability due to an accident, you will receive a fixed percentage of the Rider Sum Assured, depending on the type of injury.

Hospital Care Rider:In the event that you are hospitalised for treatment, you will receive Daily Cash Benefit to take care of your expenses. In case you are treated in an Intensive Care Unit, you will receive an enhanced Daily Cash Benefit. To help you cover your recuperation expenses, you will be paid a lump sum amount, in case you are hospitalised for more than seven days for the same disease.

Surgical Care Rider:In case you are hospitalised to undergo a surgery, you will be paid a lump sum amount to cover your expenses.

Waiver of Premium Rider:In case life insured / policyholder is unable to pay the policy premiums due to a disability, critical illness or an untimely demise, all future premiums of the base plan and the attached riders will be paid by BSLI and all policy benefits will continue.

For more details on any of the riders mentioned above, please consult your BSLI financial advisor or refer to the rider brochure.

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Plan Summary
 
Plan Summary  
Entry Age of Life Insured 8 to 70 years of age
Policy Term 10 years
Pay Term 5 years
Basic Premium Minimum Rs. 25,000 p.a. if paid annually Minimum Rs. 30,000 p.a. if paid monthly, quarterly or semi-annually
Premium Payment Frequency Monthly, Quarterly, Semi-annually or Annually
Basic Sum Assured 10 x Basic Premium for entry ages below 45 7 x Basic Premium for entry ages 45 and above
Enhanced Sum Assured Minimum Rs. 50,000
Entry Age 18 to 65 years
 
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Disclaimers
 
The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of solicitation. Birla Sun Life Insurance BSLI Classic Endowment Plan Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier and Super 20 are only the names of the Company, Policy and Investment Funds respectively and do not in any way indicate the quality of the policy, investment funds or their future prospects or returns. Investment risk in investment portfolio is the borne by the policyholder. For further details please refer to product brochure. Regd. Office; One Indiabulls Centre, Tower 1, 15th & 16th floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai- 400013. Reg No. 109 Unique No.: 109L061V01 ADV/8/10-11/4133 Version No.: VER 1/ AUG/ 2010
 
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